Bitcoin tops US$100,000 on optimism over Trump crypto plans

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The story "Bitcoin tops US$100,000 on optimism over Trump crypto plans" was covered 3 weeks ago by Channel News Asia, a news publisher based in Singapore.

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Bitcoin tops US$100,000 on optimism over Trump crypto plans - Channel News Asia

Quick Summary:

Bitcoin rose above US$100,000 for the first time on Thursday (Dec 5) as the election of Donald Trump as president of the United States spurred expectations that his administration will create a friendly regulatory environment for cryptocurrencies.

Market participants are keeping a close eye on what happens now that bitcoin has broken above US$100,000, with investors and speculators possibly looking to pocket some of their recent gains.

Atkins, a former SEC commissioner, has been involved in crypto policy as co-chair of the Token Alliance, which works to "develop best practices for digital asset issuances and trading platforms", and the Chamber of Digital Commerce.